NOT LISTED FOR SALE

Estimated Value: $357,748

3 Beds
4 Baths
-- Sq Ft
1,742 Sq Ft Lot

Last Sold April 10, 2020

Last sale price $223,000

Est. 60% increase in value since last sale

Current estimated payment $2,218/month

4 Days on Market

Highlights

  • Heating System Uses Steam
  • 1-minute walk to Elgin Station
  • 4-minute walk to Davidson Park

About This Home

As of April 2020

EXCELLENT OPPORTUNITY TO OPEN YOUR OWN BUSINESS WITHOUT PAYING RENT FOR YOUR OFFICE SPACE!!! THESE 2 RENTALS PAY YOUR MORTGAGE (OR YOU CAN RENT THE OFFICE SPACE FOR AT LEAST $900 PER MONTH). ONE APARTMENT HAS 2 BEDROOMS 1 BATH AND THE OTHER APARTMENT HAS 1 BEDROOM 1 BATH. RENTALS MAKE $1,898 PER MONTH. BOTH APARTMENTS ARE RENTED UNTIL JANUARY-FEBRUARY 2021. TENANTS PAY ELECTRICITY. 1450 SF STOREFRONT WITH HIGH VISIBILITY FOR YOUR BUSINESS WHERE HUNDREDS OF CARS TRANSIT EVERYDAY PLUS HUGE BASEMENT FOR YOUR STORAGE NEEDS. BRICK BUILDING IN GREAT CONDITIONS. WALKING DISTANCE TO TRAIN STATION, DINING AND ALL DOWNTOWN AMENITIES. COME AND SEE IT!!!

Last Agent to Sell the Property

Ignacio Alvarez

Class REALTORS® License #471001020 Listed on: 03/06/2020

Last Buyer's Agent

Ignacio Alvarez

Class REALTORS® License #471001020 Listed on: 03/06/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,402

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 22x90

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $33,576
  • Net Operating Income $31,826

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,402

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Stone
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Radiator(s)
  • Water Source: Public

Fee Information

  • Other Expenses $: 1750

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 22X90
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Multi Family

  • Net Operating Income: 31826
  • GrossIncome: 33576
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3402.48
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2020
Closed on
Apr 2, 2020
Sold by
Ortega Juan G
Bought by
Martinez Jose A
Seller's Agent
Ignacio Alvarez
Class REALTORS®
Buyer's Agent
Ignacio Alvarez
Class REALTORS®
List Price
$229,900
Sold Price
$223,000
Premium/Discount to List
-$6,900
-3%
Current Estimated Value
$357,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,748
Avg. Annual Appreciation
8.55%
Original Mortgage
$179,600
Interest Rate
4.75%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 1, 2018
Closed on
Dec 14, 2018
Sold by
Weststar Industries Llc
Bought by
Ortega Juan G
Seller's Agent
Naomi Campbell
Coldwell Banker Realty
Buyer's Agent
Ignacio Alvarez
Class REALTORS®
List Price
$210,000
Sold Price
$210,600
Premium/Discount to List
$600
0.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Original Mortgage
$168,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2017
Sold by
Henrikson Benjamin A
Bought by
Westar Indurstres Llc

Purchase Details

Closed on
Sep 4, 1997
Sold by
Hanlon Charles M
Bought by
Henrikson Benjamin A
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Martinez Jose A $223,000 Ct
Ortega Juan G $211,000 Attorney
Westar Indurstres Llc $126,167 Chicago Title Ins Co
Henrikson Benjamin A $17,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Martinez Jose A $179,600
Previous Owner Ortega Juan G $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2020 04/10/20 Sold $223,000 -3.0% --
03/10/2020 03/10/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $229,900 +9.2% --
12/20/2018 12/20/18 Sold $210,600 +0.3% -- View Prior Sale
11/08/2018 11/08/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $210,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,174 $52,161 $9,418 $42,743
2023 $4,017 $47,123 $8,508 $38,615
2022 $3,726 $42,968 $7,758 $35,210
2021 $3,584 $40,172 $7,253 $32,919
2020 $2,950 $38,350 $6,924 $31,426
2019 $2,852 $36,531 $6,596 $29,935
2018 $3,402 $34,415 $6,214 $28,201
2017 $3,598 $34,983 $6,316 $28,667
2016 $3,762 $35,278 $6,370 $28,908
2015 -- $32,336 $5,839 $26,497
2014 -- $31,937 $5,767 $26,170
2013 -- $32,779 $5,919 $26,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10659542

Midwest Real Estate Data (MRED)

APN: 06-14-406-011